Third-party marketer seeks BDM

An Australian funds management third-party marketing firm is looking to hire a business development manager to help expand the business.

I&T News understands Ambassador Funds Management Services is in the process of recruiting a BDM, and is conducting the search itself.

Ambassador’s stable of fund managers includes London-based global emerging markets specialist Charlemagne Capital, mid to large cap equities specialist Altrinsic Global Advisors, New York-based Cohen & Steers, which manages income-oriented equity portfolios, and alternative fixed income strategies manager Highland Capital.

Richard Darke, a partner at Ambassador, declined to comment.

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As the Magnificent Seven fade, CFS looks further afield for returns

Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.

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